HOUSE_OVERSIGHT_024471.jpg
Extraction Summary
3
People
4
Organizations
0
Locations
0
Events
2
Relationships
3
Quotes
Document Information
Type:
Legal document (private placement memorandum)
File Size:
Summary
This document appears to be page 38 of a Private Placement Memorandum regarding an entity named 'KUE'. It outlines governance protocols, specifically that an Independent Committee's decisions are binding on the General Partner's Board. It also details indemnification clauses protecting the General Partner and related staff, establishes requirements for periodic financial reporting (audited annual and semi-annual reports), and references U.S. federal income tax consequences.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KUE |
Primary entity discussed; providing indemnification and reporting
|
|
| General Partner |
Managing entity for KUE; recipient of indemnification
|
|
| Independent Committee |
Body whose decisions are binding on the Board of Directors
|
|
| Board of Directors of the General Partner |
Governing body required to pursue actions mandated by the Independent Committee
|
Relationships (2)
KUE indemnifies General Partner; General Partner acts for KUE
Committee decisions are binding on the Board
Key Quotes (3)
"Independent Committee on this issue shall be binding on the Board of Directors of the General Partner and will require the Board of Directors of the General Partner to pursue such action within ninety (90) days."Source
HOUSE_OVERSIGHT_024471.jpg
Quote #1
"KUE will indemnify the General Partner and its members, officers, directors, and employees"Source
HOUSE_OVERSIGHT_024471.jpg
Quote #2
"KUE will provide annual audited financial statements and semi-annual reports."Source
HOUSE_OVERSIGHT_024471.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,092 characters)
Independent Committee on this issue shall be binding on the Board of Directors of the General Partner and will require the Board of Directors of the General Partner to pursue such action within ninety (90) days.
Indemnification:
KUE will indemnify the General Partner and its members, officers, directors, and employees, and at the General Partner's discretion, any other person providing services to KUE, its subsidiaries or joint ventures. KUE has provided a customary indemnity to the Agents in connection with their services.
KUE will indemnify the General Partner and its members, officers, directors, and employees, and at the General Partner's discretion, any other person providing services to KUE, its subsidiaries or joint ventures. KUE has provided a customary indemnity to the Agents in connection with their services.
Periodic Reporting:
KUE will provide annual audited financial statements and semi-annual reports. The General Partner will provide such periodic reports if engaged in any business other than acting as general partner of KUE or if it owns any material assets other than an interest in KUE.
KUE will provide annual audited financial statements and semi-annual reports. The General Partner will provide such periodic reports if engaged in any business other than acting as general partner of KUE or if it owns any material assets other than an interest in KUE.
Certain U.S. Federal Income Tax Consequences:
For a discussion of certain U.S. federal income tax consequences that may be relevant to prospective investors, please read "Certain Income Tax Consequences" in this Private Placement Memorandum.
For a discussion of certain U.S. federal income tax consequences that may be relevant to prospective investors, please read "Certain Income Tax Consequences" in this Private Placement Memorandum.
38
HOUSE_OVERSIGHT_024471
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document